New Amundi ETF launched on Xetra
A new exchange-traded equity index fund issued by Amundi – the Amundi ETF S&P 500 EUR Hedged Daily – has been tradable in Deutsche Börse’s XTF segment since Wednesday.
The new fund enables investors to participate in the performance of the S&P 500 Total Return Net Index with hedging against daily exchange rate fluctuations between the euro and the US dollar. The S&P 500 Total Return Net Index is weighted according to free float market capitalisation and in turn tracks the performance of the 500 largest US stock corporations.
The product offering in Xetra’s XTF segment currently comprises 969 exchange-traded index funds, making it the largest offering of all European stock exchanges. With this offering and an average monthly trading volume of around EUR12 billion, Deutsche Börse’s XTF segment is the leading trading venue for ETFs in Europe.